Sheet music app start-up company Tonara has raised $4m in its first significant round of venture funding.
The round was led by Israeli venture capital fund Carmel Ventures, with participation from existing investors Index Ventures, Lool Ventures, Eilon Tirosh, Rami Lipman and other individual investors.
The company is planning to use the capital to develop technology, add partnerships with sheet music publishers, and pursue strategic marketing initiatives.
Launched in 2011, Tonara is an interactive sheet music application that listens to musicians and helps them learn, rehearse, and perform.
Its music store currently features a wide selection of music and includes pieces for piano, violin, cello, flute and voice, with plans to support additional instruments as its user base grows.
Tonara is currently available as an iPad App on Apple’s AppStore.
Source: FinSMEs
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